Blue Lagoon Resources Inc.

Blue Lagoon Resources Inc.verified

BLAGF

Price:

$0.096

Market Cap:

$15.30M

Blue Lagoon Resources Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. Its flagship property is the Dome Mountain gold project located in British Columbia. The company was formerly known as Blue Lagoon Capital Inc. and changed its name to Blue Lagoon Resources Inc. in December 2018. Blue Lagoon Resources Inc. was incorporated in 2017 and is based in Vancouver, Canada.[Read more]

Industry

Gold

IPO Date

2021-01-08

Stock Exchange

PNK

Ticker

BLAGF

The Current Ratio as of November 2024 (TTM) for Blue Lagoon Resources Inc. (BLAGF) is 0.73

According to Blue Lagoon Resources Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.73. This represents a change of -81.17% compared to the average of 3.88 of the last 4 quarters.

Blue Lagoon Resources Inc. (BLAGF) Historical Current Ratio (quarterly & annually)

How has BLAGF Current Ratio performed in the past?

The mean historical Current Ratio of Blue Lagoon Resources Inc. over the last ten years is 11.29. The current 0.73 Current Ratio has changed 547.45% with respect to the historical average. Over the past ten years (40 quarters), BLAGF's Current Ratio was at its highest in in the September 2020 quarter at 57.82. The Current Ratio was at its lowest in in the May 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

11.29

Median

8.63

Minimum

4.19

Maximum

25.83

Blue Lagoon Resources Inc. (BLAGF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Blue Lagoon Resources Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 90.29%

Maximum Annual Current Ratio = 25.83

Minimum Annual Increase = -83.79%

Minimum Annual Current Ratio = 4.19

Quarterly (TTM)
Annual
YearCurrent RatioChange
20238.63-12.16%
20229.8223.30%
20217.9690.29%
20194.19-83.79%

Blue Lagoon Resources Inc. (BLAGF) Average Current Ratio

How has BLAGF Current Ratio performed in the past?

The current Current Ratio of Blue Lagoon Resources Inc. (BLAGF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

8.80

5-year avg

11.29

10-year avg

11.29

Blue Lagoon Resources Inc. (BLAGF) Current Ratio vs. Peers

How is BLAGF’s Current Ratio compared to its peers?

Blue Lagoon Resources Inc.’s Current Ratio is less than Red Pine Exploration Inc. (2.43), greater than Grande Portage Resources Ltd. (0.51), less than White Gold Corp. (2.55), less than Matador Mining Limited (5.73), less than Sitka Gold Corp. (4.84), less than Cassiar Gold Corp. (4.69), less than Independence Gold Corp. (3.14), less than Westward Gold Inc. (6.72), less than Eloro Resources Ltd. (0.90), greater than Antioquia Gold Inc. (0.30), greater than Cerrado Gold Inc. (0.60), greater than Osino Resources Corp. (0.49), less than Condor Gold Plc (264.39), less than C2C Gold Corp. (12.47), greater than Asante Gold Corporation (0.22), less than Dynacor Group Inc. (4.36), greater than Puma Exploration Inc. (0.38), less than Endurance Gold Corporation (5.56), less than Altamira Gold Corp. (9.94),

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